Ethereum is testing the pivotal $4,000 price barrier with reinforced momentum from robust trading volume, accelerating institutional participation in ETH ETFs, and increased leverage positions.
The cryptocurrency has repeatedly encountered technical resistance near the $4,000 threshold since 2021, establishing it as a critical psychological and historical resistance level. This renewed attempt to breach the level coincides with strengthening institutional conviction, as ETH ETFs record $4.6 billion in net inflows.
Price action shows Ethereum rising from its recent range between $3,470 and $3,780 while forming higher lows. Technical indicators including the Relative Strength Index and Moving Average Convergence Divergence signal growing upward momentum, suggesting potential for a decisive breakout.
Notably, BlackRock’s Ethereum ETF has accumulated over $10 billion in assets under management, reflecting substantial institutional endorsement. Concurrently, Ethereum futures markets saw $115.49 million in liquidations during the past 24 hours, indicating intense speculative activity and leveraged positioning across derivatives platforms.
This confluence of technical stability, institutional accumulation, and heightened market activity positions Ethereum for a critical test of the $4,000 resistance level.